30 Mar 2021
How much? And what do you expect to use these funds for?
Just curious to learn from everyone’s saving habits :)
30 Mar 2021
Person at Seedly Community
Setting up enough emergency fund (about 6 months of your current expenditure) is important and it's great if you've achieved that already!
The next step would probably be finding that personal goal for yourself. Do you want to buy your own house? Or maybe take a year to go travelling around the world? Or maybe even to start your own business!
What's money good for if it's not to spend? ;) These big dreams will be tied to your financial goals, and that's when you will start saving up to achieve them (:
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29 Mar 2021
Owner and Writer at Tortoisemoney.com
Depends. If you're not saving up for anything big and your e-fund is settled, I would just allocate the savings portion all to investments/retirement planning.
If you're saving for something big like a wedding/house etc, then you'd have to allocate some portion of your salary to saving up for these purchases. A simple way to do it is just to split the amount by the number of months you have till you have to pay for it and just allocate that amount to your savings each month.
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